Bumble (NASDAQ:BMBL) Rating Lowered to Hold at Royal Bank Of Canada

Bumble (NASDAQ:BMBL) was downgraded by investment analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $5.00 price target on the stock, down from their previous price target of $7.50. Royal Bank Of Canada’s price target suggests a potential upside of 17.37% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley upped their target price on Bumble from $5.50 to $6.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. UBS Group boosted their price objective on shares of Bumble from $6.00 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $7.00 target price (down from $8.00) on shares of Bumble in a research note on Friday, October 3rd. Susquehanna reiterated a “neutral” rating and issued a $7.00 target price (up previously from $5.00) on shares of Bumble in a report on Monday, August 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Bumble in a report on Tuesday, October 14th. Twelve analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $5.79.

Bumble Trading Up 0.5%

NASDAQ BMBL opened at $4.26 on Thursday. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 1.00. Bumble has a 1-year low of $3.55 and a 1-year high of $9.22. The firm’s fifty day simple moving average is $5.99 and its 200-day simple moving average is $6.04. The company has a market capitalization of $443.09 million, a PE ratio of 3.80, a price-to-earnings-growth ratio of 0.10 and a beta of 1.93.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm had revenue of $246.16 million for the quarter, compared to analyst estimates of $244.19 million. Bumble had a negative net margin of 19.82% and a positive return on equity of 10.42%. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($5.11) earnings per share. Bumble has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Bumble will post 4.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Bumble

In related news, CEO Whitney Wolfe Herd sold 1,365,116 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $8,545,626.16. Following the transaction, the chief executive officer directly owned 1,598,258 shares in the company, valued at $10,005,095.08. The trade was a 46.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Holdings Gp Man Blackstone III sold 16,689,884 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total value of $104,478,673.84. The disclosure for this sale is available in the SEC filing. Insiders sold 68,127,359 shares of company stock valued at $426,476,076 over the last quarter. Company insiders own 15.84% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pale Fire Capital SE acquired a new stake in Bumble during the first quarter worth $43,000. Vident Advisory LLC bought a new position in shares of Bumble during the 1st quarter worth about $48,000. Teacher Retirement System of Texas bought a new position in shares of Bumble during the 1st quarter worth about $49,000. Kestra Private Wealth Services LLC acquired a new stake in shares of Bumble during the 1st quarter valued at about $54,000. Finally, HB Wealth Management LLC bought a new stake in Bumble in the first quarter valued at about $62,000. 94.85% of the stock is owned by institutional investors.

About Bumble

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.